Mt. Gox Transfers $2.47 Billion Worth of Bitcoin to Unknown Address After Bitcoin Hits $100,000

• Long-collapsed crypto exchange Mt. Gox moved over 24,000 Bitcoin, worth nearly 2.47 billion, to an unknown address on Dec. 5.
• The transfer occurred after Bitcoin reached a milestone of $100,000.
• Mt. Gox's move came just 12 minutes after Bitcoin crossed $100,000 and before it hit a high of $104,000 on Coinbase.
• Past similar moves by Mt. Gox have been the precursor to giving payouts to its creditors.

Summary :
On December 5, the long-collapsed crypto exchange Mt. Gox transferred over 24,000 Bitcoin, valued at around $2.47 billion, to an unknown address. This move occurred shortly after Bitcoin reached a milestone of $100,000. The transfer took place at 2:45 am UTC and marked Mt. Gox's first transfer since November 12. Interestingly, the exchange made this move just 12 minutes after Bitcoin crossed the $100,000 mark and shortly before it reached a high of $104,000 on Coinbase. Mt. Gox's reasons for this transfer remain unknown, but similar actions in the past have been associated with the exchange providing payouts to its creditors. Mt. Gox, which faced bankruptcy in 2014, continues to be a subject of interest in the crypto community.

Sources :

- CoinTelegraph